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Economy

Vietnam's first privately owned airport opens for business

Van Don airport represents Hanoi's push to ease dependence on state funds

Van Don International Airport can accommodate large aircraft such as Boeing 777s and Airbus A350s.

QUANG NINH PROVINCE, Vietnam -- Vietnam's first privately owned airport opened on Sunday, underscoring efforts by the debt-strapped government to tap private sources to fund key infrastructure projects.

Prime Minister Nguyen Xuan Phuc attended the opening ceremony for the $300 million Van Don International Airport, which is located in the northeastern coastal province of Quang Ninh and is about 120 km from the border with China.

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